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Report of Warren Buffett Investment Fund surprised investors

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Report of Warren Buffett Investment Fund surprised investors
November 05
13:00 2019

An investment company Berkshire Hathaway has released a quarterly report. Warren Buffett, one of the most famous and brightest financiers in the world, owns this company. So, the company’s free funds are equal to 128 billion US dollars. This is an absolute historical maximum. For the quarter, the growth of this indicator has amounted to 6 billion US dollars.

For the three reporting months, net income has fallen by 10.9% (on an annualized basis) and has amounted to $ 16.52. Operating profit has totaled $ 7.9 billion, which is exactly one billion more than last year.

Berkshire Hathaway’s revenue is $ 64.97 billion, which is $ 1.52 billion more than a year earlier.

Quarterly investment income has amounted to 10.69 billion US dollars, which is 3.88 billion worse than in 2018.

At the end of the reporting period, the total assets of the company have risen to the level of 603.02 billion US dollars (last year it was 532.31 billion US dollars).

The portfolio of shares owned by the investment company has been valued at 220.05 billion US dollars against 172.76 billion US dollars at the end of last year. About 66% of this amount was invested in securities of five huge and well-known companies – American Express, Apple, Bank of America, Wells Fargo and Coca-Cola.

Berkshire Hathaway implements a share buyback program; for the reporting quarter, they have purchased securities worth $ 700 million.

An excellent report has influenced the behavior of the company’s securities; according to the results of daily trading, the growth has amounted to 1%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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